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Cornell Student Articles on Topical Affairs

Understanding the fleet management industry

Fleet management has become necessary to benefitting workers and global economies in the 21st century. With reliable and affordable transportation being essential for personal, business, or work-related travels, fleet managers provide consumers and businesses with alternative automotive options.

Fleet management eliminates the need for loans or large investments, and allows consumers more opportunity in choosing a vehicle to use. From large trucks to cars and even aircraft carriers, fleet management is a significant contributor and factor in global economic efficiency and productivity.

Operation efficiency is an excellent way to provide business information in regards to larger trucks with automatically knowing which trucks are loaded or unloaded. It allows for ample communication between all parties involved with the transportation of goods and services.

Fleet management is operational cost effective with better fuel management and vehicle tracking systems that are gps based to monitor vehicle location at all times. This reduces theft and loss. Vehicle drivers are less likely to abuse company fuel or potentially steal the car. This saves damage costs as well as the loss of profits from a potentially stolen car.

Fleet management software helps increase safety and decrease accidents. It also allows fleet managers to understand what exactly what is going on with the vehicle and the driver. They have the ability to monitor idling times to increase cost effective measures in fuel. Vehicle idling reports can be reviewed to discuss possible discrepancies with drivers. This helps the economy and the environment.

In order to provide these services to customers, computers play a vital role in fleet management from communication to monitoring and maintaining vehicle efficiency. In the beginning of fleet management, all of these things were monitored through unit record equipment.

Some fleet management companies just offer vehicles for personal use while others benefit business to business models. Orix, an innovative Australian fleet company, offers consumers and businesses many vehicle makes and models to provide optimal customer service and efficiency.

Orix provides customers with the ability to lease vehicles which eliminates the need for large loan investments. Orix is aware that all customers may have differing budgets and needs so they have three leasing options of which include operating, financing, and even a mini lease. These varying leases may be fully maintained or non-maintained to make flexible options available to consumers and business.

While some fleet management companies provide limited opportunities for renting and leasing, Orix maintains a customer-first and professional brand attitude. This makes for optimal buyer satisfaction when searching for transportation.

Many fleet managers consider a multitude of factors when reviewing the benefits of leasing to businesses and consumers. These factors include vehicle acquisition costs, replacement criteria and projections, and the varying lease rate factors. This allows them to efficiently project profits while fully benefiting their clients.

Fleet managers still have to consider the costs that many dealerships consider such as depreciating asset. Even though they are leasing cars, the cars value can still diminish overtime, but by continual expert maintenance, it allows them to keep them at top performance. As the vehicle depreciates, the cost of the lease value decreases as well, still making it cheaper for consumers to lease. This is to say that people will not be charged extra for an older vehicle. Fleet managers utilize balance sheets to understand client and company financial needs and expectations.

When it comes to the possible concerns with leasing a vehicle, one of the main concerns that customers may have is the possibility that a vehicle may break down. To cover these issues, replacement vehicles may be included in the lease with a renting option for mini lease being available as well.

Many customers are able to work their insurance coverage into the lease with competitive premiums through the fleet management site. With Orix, customers also have roadside assistance at all times. This should alleviate any worries a consumer may have if they have issues with the vehicle at any point while driving. As well as providing insurance and roadside assistance, Orix provides customers with experts on-site to work on any possible vehicle repairs that may arise during their lease.

Leasing or purchasing a car from a fleet dealer is an excellent alternative option to buying a car from a branded dealership. With a variety of opportunities is purchasing and leasing, it makes the entire vehicle selection process easier for consumers and businesses. Consumers can maintain an ease of mind with streamlined insurance, maintenance, repairs, and fueling options. With excellent gps tracking software, businesses can increase efficiency and productivity with fuel management, and location awareness. With the digital age of technology, all persons involved with fleet management can be fully updated and aware of all communication, documentation, and transactions associated with the lease or purchase of a vehicle. The entire business to consumers and business to business model associated with fleet management makes Orix an excellent pick for a viable vehicle option.

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